Cable meanders around mid-range after printing a post-CPI high..

British Pound / U.S. Dollar (FX:GBPUSD)

FX:GBPUSD British Pound / U.S. Dollar

Trend Analysis Technical Indicators Fundamental Analysis GBPUSD

trendanalysis indicator fundamental gbpusd

Cable meanders around mid-range after printing a post-CPI high of 1.3267 (low 1.3230) ahead of the Dec 31st 2019 high of 1.3283. The upside target of 1.3250 has been completed and we could be looking for alternative movements around this level. Potentially a minor rest-bite for the pair.

Here is the before:

snapshot

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